diff --git a/src/components/index.js b/src/components/index.js
index f32815eb..55f708d7 100644
--- a/src/components/index.js
+++ b/src/components/index.js
@@ -83,6 +83,7 @@ export {TotalRow as MuiTotalRow, NotesRow as MuiNotesRow, FeeRow as MuiFeeRow, P
 export {default as MuiFormikAsyncSelect} from './mui/formik-inputs/mui-formik-async-select'
 export {default as MuiFormikCheckboxGroup} from './mui/formik-inputs/mui-formik-checkbox-group'
 export {default as MuiFormikCheckbox} from './mui/formik-inputs/mui-formik-checkbox'
+export {default as MuiFormikColorInput} from './mui/formik-inputs/mui-formik-color-input'
 export {default as MuiFormikDatepicker} from './mui/formik-inputs/mui-formik-datepicker'
 export {default as MuiFormikDiscountField} from './mui/formik-inputs/mui-formik-discountfield'
 export {default as MuiFormikDropdownCheckbox} from './mui/formik-inputs/mui-formik-dropdown-checkbox'
diff --git a/src/components/mui/__tests__/mui-formik-color-input.test.js b/src/components/mui/__tests__/mui-formik-color-input.test.js
new file mode 100644
index 00000000..889838c2
--- /dev/null
+++ b/src/components/mui/__tests__/mui-formik-color-input.test.js
@@ -0,0 +1,166 @@
+/**
+ * Copyright 2026 OpenStack Foundation
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ * http://www.apache.org/licenses/LICENSE-2.0
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ * */
+
+jest.mock("i18n-react/dist/i18n-react", () => ({
+  __esModule: true,
+  default: { translate: (key) => key }
+}));
+
+import React from "react";
+import { render, screen, fireEvent, act, waitFor } from "@testing-library/react";
+import { Formik, Form } from "formik";
+import "@testing-library/jest-dom";
+import MuiFormikColorInput from "../formik-inputs/mui-formik-color-input";
+
+const DEBOUNCE_MS = 250;
+const PLACEHOLDER_KEY = "color_picker.placeholder";
+
+const renderWithFormik = (props, initialValues = { testField: "" }) =>
+  render(
+    <Formik initialValues={initialValues} onSubmit={jest.fn()}>
+      <Form>
+        <MuiFormikColorInput name="testField" {...props} />
+      </Form>
+    </Formik>
+  );
+
+const renderWithSubmit = (initialValues = { testField: "" }, props = {}) => {
+  const onSubmit = jest.fn();
+  render(
+    <Formik initialValues={initialValues} onSubmit={onSubmit}>
+      <Form>
+        <MuiFormikColorInput name="testField" {...props} />
+        <button type="submit">Submit</button>
+      </Form>
+    </Formik>
+  );
+  return onSubmit;
+};
+
+// Restore real timers after each test to prevent leaking fake timers
+afterEach(() => jest.useRealTimers());
+
+const getColorInput = () => document.querySelector('input[type="color"]');
+
+describe("MuiFormikColorInput", () => {
+  test("renders a color input", () => {
+    renderWithFormik({});
+    expect(getColorInput()).toBeInTheDocument();
+  });
+
+  test("loads initial value: reflects value, shows clear button, hides placeholder", () => {
+    renderWithFormik({}, { testField: "#ff0000" });
+    expect(getColorInput()).toHaveValue("#ff0000");
+    expect(screen.getByRole("button")).toBeInTheDocument();
+    expect(screen.queryByText(PLACEHOLDER_KEY)).not.toBeInTheDocument();
+  });
+
+  test("empty initial state: shows placeholder and no clear button", () => {
+    renderWithFormik({});
+    expect(screen.getByText(PLACEHOLDER_KEY)).toBeInTheDocument();
+    expect(screen.queryByRole("button")).not.toBeInTheDocument();
+  });
+
+  test("blur without selection: formik value stays empty and placeholder remains", async () => {
+    const onSubmit = renderWithSubmit({ testField: "" });
+    const input = getColorInput();
+
+    fireEvent.focus(input);
+    fireEvent.blur(input);
+
+    expect(screen.getByText(PLACEHOLDER_KEY)).toBeInTheDocument();
+    fireEvent.click(screen.getByText("Submit"));
+    await waitFor(() => {
+      expect(onSubmit).toHaveBeenCalledWith({ testField: "" }, expect.anything());
+    });
+  });
+
+  // The useEffect resets hasValue to false whenever localValue changes (before the debounce
+  // commits the new color to field.value). The clear button only appears after the debounce fires.
+  test("select a color: shows clear button and hides placeholder after debounce", () => {
+    jest.useFakeTimers();
+    renderWithFormik({});
+
+    fireEvent.change(getColorInput(), { target: { value: "#33aaff" } });
+    act(() => jest.advanceTimersByTime(DEBOUNCE_MS));
+
+    expect(screen.getByRole("button")).toBeInTheDocument();
+    expect(screen.queryByText(PLACEHOLDER_KEY)).not.toBeInTheDocument();
+  });
+
+  test("select a color: updates formik value after debounce", async () => {
+    jest.useFakeTimers();
+    const onSubmit = renderWithSubmit({ testField: "" });
+
+    fireEvent.change(getColorInput(), { target: { value: "#33aaff" } });
+    act(() => jest.advanceTimersByTime(DEBOUNCE_MS));
+    jest.useRealTimers();
+
+    fireEvent.click(screen.getByText("Submit"));
+    await waitFor(() => {
+      expect(onSubmit).toHaveBeenCalledWith({ testField: "#33aaff" }, expect.anything());
+    });
+  });
+
+  test("clear button: shows placeholder and hides clear button", () => {
+    renderWithFormik({}, { testField: "#ff0000" });
+
+    fireEvent.click(screen.getByRole("button"));
+
+    expect(screen.getByText(PLACEHOLDER_KEY)).toBeInTheDocument();
+    expect(screen.queryByRole("button")).not.toBeInTheDocument();
+  });
+
+  test("clear button: resets formik value to empty", async () => {
+    const onSubmit = renderWithSubmit({ testField: "#ff0000" });
+
+    fireEvent.click(screen.getAllByRole("button")[0]);
+
+    fireEvent.click(screen.getByText("Submit"));
+    await waitFor(() => {
+      expect(onSubmit).toHaveBeenCalledWith({ testField: "" }, expect.anything());
+    });
+  });
+
+  test("shows error message when field is touched and has an error", () => {
+    render(
+      <Formik
+        initialValues={{ testField: "" }}
+        initialErrors={{ testField: "Color is required" }}
+        initialTouched={{ testField: true }}
+        onSubmit={jest.fn()}
+      >
+        <Form>
+          <MuiFormikColorInput name="testField" />
+        </Form>
+      </Formik>
+    );
+    expect(screen.getByText("Color is required")).toBeInTheDocument();
+  });
+
+  test("does not show error when field is not yet touched", () => {
+    render(
+      <Formik
+        initialValues={{ testField: "" }}
+        initialErrors={{ testField: "Color is required" }}
+        initialTouched={{ testField: false }}
+        onSubmit={jest.fn()}
+      >
+        <Form>
+          <MuiFormikColorInput name="testField" />
+        </Form>
+      </Formik>
+    );
+    expect(screen.queryByText("Color is required")).not.toBeInTheDocument();
+  });
+});
diff --git a/src/components/mui/formik-inputs/mui-formik-async-select.js b/src/components/mui/formik-inputs/mui-formik-async-select.js
index 8f724fb6..109c1ddc 100644
--- a/src/components/mui/formik-inputs/mui-formik-async-select.js
+++ b/src/components/mui/formik-inputs/mui-formik-async-select.js
@@ -137,4 +137,4 @@ const MuiFormikAsyncAutocomplete = ({
   );
 };
 
-export default MuiFormikAsyncAutocomplete;
+export default MuiFormikAsyncAutocomplete;
\ No newline at end of file
diff --git a/src/components/mui/formik-inputs/mui-formik-color-input.js b/src/components/mui/formik-inputs/mui-formik-color-input.js
new file mode 100644
index 00000000..20404ad0
--- /dev/null
+++ b/src/components/mui/formik-inputs/mui-formik-color-input.js
@@ -0,0 +1,114 @@
+import React, { useEffect, useRef, useState } from "react";
+import T from "i18n-react";
+import PropTypes from "prop-types";
+import { Box, IconButton, InputAdornment, TextField } from "@mui/material";
+import ClearIcon from "@mui/icons-material/Clear";
+import { useField } from "formik";
+import { DEBOUNCE_WAIT_250 } from "../../../utils/constants";
+
+const MuiFormikColorInput = ({ name, placeholder = T.translate("color_picker.placeholder"), InputProps: restInputProps, ...rest }) => {
+  const [field, meta, helpers] = useField(name);
+  const [hasValue, setHasValue] = useState(Boolean(field.value));
+  const [localValue, setLocalValue] = useState(field.value || "#000000");
+  const debounceRef = useRef(null);
+
+  useEffect(() => {
+    setHasValue(Boolean(field.value));
+    if (field.value && field.value !== localValue) setLocalValue(field.value);
+  }, [field.value, localValue]);
+
+  useEffect(() => () => {
+    if (debounceRef.current) clearTimeout(debounceRef.current);
+  }, []);
+
+  const handleChange = (e) => {
+    const value = e.target.value;
+    setLocalValue(value);
+    setHasValue(true);
+    if (debounceRef.current) clearTimeout(debounceRef.current);
+    debounceRef.current = setTimeout(() => {
+      helpers.setValue(value);
+      debounceRef.current = null;
+    }, DEBOUNCE_WAIT_250);
+  };
+
+  const handleBlur = (e) => {
+    field.onBlur(e);
+    helpers.setTouched(true);
+    if (debounceRef.current) {
+      clearTimeout(debounceRef.current);
+      debounceRef.current = null;
+      helpers.setValue(hasValue ? localValue : "");
+    }
+  };
+
+  const handleClear = (e) => {
+    e.stopPropagation();
+    if (debounceRef.current) {
+      clearTimeout(debounceRef.current);
+      debounceRef.current = null;
+    }
+    setHasValue(false);
+    helpers.setValue("");
+    helpers.setTouched(true);
+  };
+
+  return (
+    <Box sx={{ position: "relative", width: "100%" }}>
+      <TextField
+        type="color"
+        name={field.name}
+        value={localValue}
+        onChange={handleChange}
+        onBlur={handleBlur}
+        error={meta.touched && Boolean(meta.error)}
+        helperText={meta.touched && meta.error}
+        fullWidth
+        InputProps={{
+          ...(hasValue ? {
+            endAdornment: (
+              <InputAdornment position="end">
+                <IconButton size="small" onClick={handleClear} edge="end" disableRipple>
+                  <ClearIcon fontSize="small" />
+                </IconButton>
+              </InputAdornment>
+            ),
+          } : {}), ...restInputProps
+        }}
+        sx={{
+          "& input[type='color']::-webkit-color-swatch-wrapper": { padding: "2px" },
+        }}
+        {...rest}
+      />
+      {!hasValue && (
+        <Box
+          sx={{
+            position: "absolute",
+            top: 2,
+            left: 2,
+            right: 2,
+            bottom: 2,
+            borderRadius: "3px",
+            bgcolor: "background.paper",
+            pointerEvents: "none",
+            display: "flex",
+            alignItems: "center",
+            px: "14px",
+            gap: 1,
+          }}
+        >
+          <Box component="span" sx={{ color: "text.disabled" }}>
+            {placeholder}
+          </Box>
+        </Box>
+      )}
+    </Box>
+  );
+};
+
+MuiFormikColorInput.propTypes = {
+  name: PropTypes.string.isRequired,
+  placeholder: PropTypes.string
+};
+
+export default MuiFormikColorInput;
diff --git a/src/i18n/en.json b/src/i18n/en.json
index 01f7bf27..96f2f2f8 100644
--- a/src/i18n/en.json
+++ b/src/i18n/en.json
@@ -138,5 +138,8 @@
     "total": "Total",
     "rate": "Rate",
     "action": "Action"
+  },
+  "color_picker": {
+    "placeholder": "Select a color"
   }
 }
diff --git a/src/utils/constants.js b/src/utils/constants.js
index 85e190fc..3f140450 100644
--- a/src/utils/constants.js
+++ b/src/utils/constants.js
@@ -7,6 +7,7 @@ export const BPS = 100;
 
 export const CODE_200 = 200;
 
+export const DEBOUNCE_WAIT_150 = 150;
 export const DEBOUNCE_WAIT_250 = 250;
 export const DEBOUNCE_WAIT = 500;
 
diff --git a/webpack.common.js b/webpack.common.js
index 2a9513fc..00192aea 100644
--- a/webpack.common.js
+++ b/webpack.common.js
@@ -108,6 +108,7 @@ module.exports = {
         'components/mui/formik-inputs/async-select': './src/components/mui/formik-inputs/mui-formik-async-select.js',
         'components/mui/formik-inputs/checkbox-group': './src/components/mui/formik-inputs/mui-formik-checkbox-group.js',
         'components/mui/formik-inputs/checkbox': './src/components/mui/formik-inputs/mui-formik-checkbox.js',
+        'components/mui/formik-inputs/color-input': './src/components/mui/formik-inputs/mui-formik-color-input.js',
         'components/mui/formik-inputs/datepicker': './src/components/mui/formik-inputs/mui-formik-datepicker.js',
         'components/mui/formik-inputs/discount-field': './src/components/mui/formik-inputs/mui-formik-discountfield.js',
         'components/mui/formik-inputs/dropdown-checkbox': './src/components/mui/formik-inputs/mui-formik-dropdown-checkbox.js',